The Federal Housing Administration (FHA) recently announced it will require second appraisals for properties it suspects has inflated values when under consideration for a Home Equity Conversion Mortgage (HECM). Admittedly, FHA claims appraisal bias and appraisal over-inflations exist. What should appraisers be concerned about as this policy moves forward? Valuation Review continues its conversation with FHA’s Deputy Assistant Secretary for …

For the second consecutive month, home value perceptions remained steady with owners barely overvaluing their home. This was according to a national level, according to the Quicken Loans National Home Price Perception Index. Read on for more revealing numbers from this report. Via:: Report: Appraiser, owner opinions stable for summer’s end       

Earlier, Valuation Review introduced readers to the integration of geospatial and appraisal data validation into the parcel identification process by CoreLogic. We then reached out to Kirk Randlett, a member of the Tax Reporting and Payments Solutions Group at CoreLogic to understand how this new technology can be utilized in the valuation industry. Read on to find out what we …

McKissock Learning announced the company will offer all online, state-approved qualifying education courses for aspiring appraisers and appraisers interested in upgrading their license to complete their New York education requirements. Read on to learn more. Via:: McKissock to provide education for NY appraisers       

Pavaso announced that Norcom Mortgage will use its all-in-one digital mortgage closing platform, making Norcom the first Connecticut-based lender to offer electronic mortgage closings to its customers. Read on to learn more. Via:: Norcom Mortgage, Pavaso combining efforts       

TopLine Federal Credit Union selected Mortgage Cadence to modernize its mortgage operations using Mortgage Cadence’s full product suite. Read on to learn more. Via:: Federal credit union selects Mortgage Cadence for loan fulfillments       

The Federal Housing Administration (FHA) recently announced it will require second appraisals for properties it suspects have inflated values when under consideration for a Home Equity Conversion Mortgage (HECM). FHA claims its studies have found that appraisal bias and appraisal over-inflations exist. Valuation Review reached out to FHA’s Deputy Assistant Secretary for Single Family Housing Gisele Roget for how the …

What don’t appraisers really know about appraisal management companies (AMCs) and their roles in the appraisal process, and more importantly, what actual fees they are taking for assignments? What other areas of misconception exist? Valuation Review continues its conversation with two executives from an AMC for clarification on the facts, and what are truly fictitious notions. Read Part II of …